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What is a 201k loan?

Updated: 9/11/2023
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16y ago

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I am not sure about a 201K. Is it possible you are looking for information on a 203(K) ?

The 203(K) is a FHA Rehab loan. It basically is a mortgage with some repair money available. It can be used on a single family residence, a Duplex or a Fourplex.

It can be used three ways.

1. To purchase a home and the land it is on and then rehabilitate or repair it.

2. Refinance a home you currently own and rehab or repair it.

3. Buy a home at one location and move it to a foundation at a new location.

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16y ago
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Q: What is a 201k loan?
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